Alan Kohler is one of Australia’s most experienced business commentators. Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report. Along with Robert Gottliebsen and Stephen Bartholomeusz, Alan also founded Business Spectator, the popular business news and commentary website. Alan is the regular finance presenter on the ABC News and producer of the popular nightly graph (or two).

Buffett's Berkshire takes stake in Goldman

Warren Buffet’s Berkshire Hathaway has taken a stake of about two per cent in Goldman Sachs after the multibillionaire swapped billions of dollars in warrants for shares in the investment bank, according to the Financial Times.

The newspaper reported that the warrants, which were issued when Mr Buffett helped bailout Goldman at the height of the financial crisis, gave Berkshire the right to buy about 9 per cent of the bank for a share price of $115 per share before October 1 this year.

But in a new deal struck yesterday, Berkshire will swap the warrants – worth around around $US1.35 billion on Goldman’s Monday closing price of $US146.11 – which will give Berkshire about 9.3 million shares and make Mr Buffett one of the bank’s top 10 investors.